BNB Chain has just released its first optimization, changing the mechanism to be able to prioritize transactions that interact with time-sensitive contracts such as memecoin transactions.
BNB Chain will prioritize processing memecoin transactions
In recent days, the memecoin segment seems to have moved to BNB Chain as CZ has started to activate the "shill machine". Stories about TST or CZ's Broccoli dog have strongly driven the meme trading trend on BNB.
An inevitable consequence is that the Gas Price has skyrocketed, forcing users to pay more to have their transactions prioritized for processing.
According to Nansen data, BNB Chain has collected nearly $15 million in user fees over the past 7 days, double the $7 million level of Ethereum and second only to the $29 million level of Solana.
Source: Nansen
To meet this sudden surge in traffic, the BNB Chain team has just released the first optimization, changing the mechanism to be able to prioritize transactions that interact with time-sensitive contracts such as memecoin transactions.
We've optimized BSC to better handle traffic spikes & prioritize high-value transactions! 🏎️💨
— BNB Chain (@BNBCHAIN) February 15, 2025
✅ Smarter block selection
✅ Better transaction prioritization
✅ Improved performance during high traffichttps://t.co/EiJ4Vi7i4i
Previously, BSC validators would stop accepting bids when the Block limit was reached, and a new Block would be mined every 3 seconds. But the problem is that during high traffic periods, some time-sensitive transactions, such as meme swaps, may not be able to be included in the Block.
"That means even if users increase the Gas Price, their transactions may not be prioritized.
This approach is effective for most common use cases. However, it is not optimal when there are fast, high-risk transactions."
But with the new update, validators will be allowed to accept more bids within the same 3-second time frame, allowing them to process more high-priority transactions.
"Validators collect more bids, increasing the chance of combining the best bids and improving overall Block building performance, especially during periods of high network activity.
In other words, we will prioritize transactions that interact with time-sensitive (memecoin) contracts."
Currently, BNB has surpassed SOL to become the 5th largest market capitalization coin. BNB price is trading around $668, up 10% in 7 days, up 15% in the past 2 weeks.
BNB price chart in 7 days, screenshot from CoinGecko at 03:20 PM on 17/02/2025
Compiled by Coin68
